Sainsbury Loan issue

SmartGuru

Hello All,

This is my first post, to just say hello to everyone and aware you about Sainsbury Loan issue.

They advertised everywhere about 5.2% interest loan, so just like any other human being I trapped in this lucrative offer and applied for Sainsbury Loan online.
Instantly I got approval, but in next 5 mins, I received email about please contact customer service to discuss further.
I called Customer service next morning and they asked me some more details and refused the loan, when I asked why, they advised I am not fitting in their criteria.
I am earning more than average salary; Credit Rating is excellent, homeowner but still refused?
Ok this is the first part half of the story then my nightmare Started afterward…
I received call after 2 hours from freedom finance and was ready to give me loan with their partners company like pay day loan with interest rate starting 23%...

Please guys if you have same experience share it here and let other people know about this tricky technique operate by Sainsbury and save lives of future victims.

poppasmurf_bewdley

I hardly think Sainsbury's would be part of any scam.

Besides, Sainsbury's don't loan out money - they use loan companies. And those companies have other companies and pass information to each other.

And if you read the terms and conditions you agreed to, you will have seen that you have agreed to your information being passed on.

Peelerfart

"save lives of future victims"

Really! I'm never going shopping at sainsbury's again if that's what's going to happen.

McKneff

Too many people are too quick to use the word 'scam'

Sainsbury's have not scammed you. You should be careful, although this is an anonymous forum, you can actually be traced

Lets hope Sainsbury's aren't looking for you.

[Deleted User]

They also run the Jaffa Cakes Scam.

I went in to buy some, but they had run out. So I had to buy some Jammy Dodgers instead. Fuming. :mad:

Please warn others to save their lives.

sistafromanothermista

Deleted_User wrote: »

They also run the Jaffa Cakes Scam.

I went in to buy some, but they had run out. So I had to buy some Jammy Dodgers instead. Fuming. :mad:

Please warn others to save their lives.

Thank god i've just read your post zx81 :eek: i am so glad, i owe you..you have saved my life :heartpuls

DCFC79

SmartGuru wrote: »

Hello All,

This is my first post, to just say hello to everyone and aware you about Sainsbury Loan Scam.

They advertised everywhere about 5.2% interest loan, so just like any other human being I trapped in this lucrative offer and applied for Sainsbury Loan online.
Instantly I got approval, but in next 5 mins, I received email about please contact customer service to discuss further.
I called Customer service next morning and they asked me some more details and refused the loan, when I asked why, they advised I am not fitting in their criteria.
What the f… criteria?
I am earning more than average salary; Credit Rating is excellent, homeowner but still refused?
Ok this is the first part half of the story then Scan Starts afterward…
I received call after 2 hours from freedom finance and was ready to give me loan with their partners company like pay day loan with interest rate starting 23%...

Please guys if you have same experience share it here and let other people know about this bloody technique operate by Sainsbury and save lives of future victims.

SmartGuru the OP isnt but he is just starting out so benefit of doubt shall be given. The 5.2% is a representative rate and only a set number of borrowers get the low rate.

Just because your a homeowner, credit rating is excellent and you earn more than average salary it still doesn't mean your guaranteed to get any advertised rate. Each lender has they're own market they cater for.

I shouldn't beat yourself up over it, its only a loan.

Oh and as for the freedom finance thing, you must have agreed for Sainsbury's Loans to pass on your details.

gb12345

Deleted_User wrote: »

They also run the Jaffa Cakes Scam.

I went in to buy some, but they had run out. So I had to buy some Jammy Dodgers instead. Fuming. :mad:

Please warn others to save their lives.

Thank God I shop in Tescos, they've still got plenty of Jaffa Cakes in stock.

Going to mass buy now though as it appears there is going to be a shortage - should make a killing. Check my eBay store "JaffaCakeGuru" if you need your Jaffa fix.